Idaho Statutes, Rules, and Regulations Common to All Lines (CH.6) With complete solution

Complete continuing education hors and pay a renewal fee correct answers What are producers required to do in order to renew their license? Defamation correct answers If a producer makes maliciously critical statements about another insurer what is this illegal practice called? A person authorized to sell, solicit and negotiate insurance contracts correct answers Who is an insurance agent Authorized insurer correct answers If an insurer holds a certificate of authority it is known as what type of insurer authorized insurer correct answers If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered what type of insurer To an insurer authorized to transact business in this state correct answers To whom may a certificate of authority be issued? The insurer who is being examined correct answers Who is responsible for the costs associated with the examination of insurers? discrimination correct answers Two individuals who are in the same risk and age class are charged different rates for their insurance policies due to an insignificant factor cease and desist order correct answers If the commissioner/superintendent finds a licensee engaging in an unfair method of competition or an unfair practice what order will be issued? To prevent a producer or insurer from further violating laws for transacting insurance correct answers What is the purpose of a cease and desist order? Rebating correct answers An agent offers a client free tickets to a sporting event in exchange for the purchase of an insurance policy. What is the agent guilty of? Misrepresentation correct answers What illegal act does a producer commit when the producer represents a policy in a more favorable light than the policy really is? When the commission from controlled business do not exceed the aggregate commissions on all the other business (specific limits may vary from state to state) correct answers When is controlled business legal? The agent correct answers What type of licensee represents the insurance company?